[Music]
this is Colin with Colin tox crypto I
just wanted to make a quick video on
lost AOS private keys for those of you
who are unfortunate to have lost your
EOS private key all hope is not lost I
have a friend who actually has a
considerable amount of EOS and this
person unfortunately lost their US
private key which I had carefully put it
on a piece of paper for them the
fortunate thing is that we are on the
type of a blockchain where we actually
have some recourse potentially and the
ability to arbitrate and save people
from legitimate promises of course
there's always scammers out there who
are trying to do illegal things and
shady things and and us is not designed
to help that kind of a person but when
you have a situation that is justifiably
wrong and you can prove it
irrefutable then you absolutely should
be given a fair recourse and made right
and whole again and that's what's so
great about us and that's the innovation
that Dan Larimer is bringing to the
table with us and I think it's truly
awesome so if you're one of those people
that lost their US private keys you do
every course basically go to the
telegram group u.s. 9/11 cos 9/11 is
going to make a separate process so
basically they're working on it so if
you use the etherium contract that the
US 911 service put out to approve your
ownership of the eath key and to sign up
with your new EOS public and private key
that actually does not count toward this
I thought it might a dozen but there's a
very helpful guy in the eos 911 telegram
group his name is Liam I think he's one
of the block producers or works with one
of the block producers very helpful guy
and so I basically just said hey you
know I I signed to the eath contract
that was up before and proving my
ownership of my friends keys am I going
to see any action on this am I going to
get any recovery and he said no
basically what's gonna happen is there's
gonna be a completely new tool written
for those people specifically who have
lost their els private keys and so he
said just to wait and then I asked him
well do you have an idea of
approximately how long it might take and
he said no but just keep checking in the
EOS 911 telegram group so that really is
your resource for checking up on the
latest news in regards to if you've lost
your US private key so that's some
uplifting news I'm sure of those of you
who have lost your yes private key will
probably be very happy to hear that and
so yes there is hope you you will be
made right in the end and I have no
doubt that that will happen it's just a
matter of how soon or how long but
honestly on any other blog Chaney what
it has been totally screwed if you had
lost your private key you just would
have no tokens at this point so the fact
that there even is a way and that it
will happen
is amazing and whether that takes two
weeks or even two months I think that
those users who have genuinely just lost
or do as private keys will be very very
grateful and indebted to the service
that the u.s. brings to the table here
as far as funding goes like these EC AF
guys are working out of their own pocket
they're not getting funding from us even
though US has a 5% annual inflation
specifically 4% of which is supposed to
be allocated toward worker proposals
such as the EC AF but we're so early
days that there has been no systems
implemented to have the money come from
the worker proposal fund and be given
out to anyone and of course we as voters
would have to vote on where that goes
but I'm sure that we would want some
kind of arbitration funding to make
people whole again in the cases of lost
some private keys or I'm being scammed
so again we're very early days and we're
just waiting on the infrastructure to be
laid out all the way here so that all
these things can be put into place so
the EC AF is a very difficult time from
what I gather and actually Liam said
also that there's another telegram group
specifically for following the
developments on actually being able to
allocate those funds for use so if you
want to really be like in the know on
what's happening on any recovery cycles
or any fund distributions go to the US
911 telegram group and also go to this
other telegram group that I'm going to
put it right here and
you follow those two groups you will get
all the latest information on the
subject